World Investment Report 2023
This report monitors global and regional foreign direct investment trends and national and international investment policy developments. Across South Asia in 2022, FDI inflows rose by 4.4% to $58 billion while FDI outflows rose by 1.1% to $16 billion. South Asia posted the largest increase in greenfield projects, with announced greenfield projects in India more than doubling in 2022.
Author: United Nations Conference on Trade and Development
Tags: UNCTAD, Trade, South Asia
Strengthening Regional Cooperation for Seamless and Sustainable Connectivity
Least developed countries, landlocked developing countries, and small island developing states in Asia and the Pacific have been working to promote seamless transport to facilitate trade. Bangladesh, for example, has completed construction of the new Akhaura (Bangladesh) to Agartala (India) railway link, and has begun operations of Oxygen Express train carrying liquid medical oxygen as well as regular freight services between Haldibari in India and Chilahati in Bangladesh. Across South Asia, countries have also been rolling out an Electronic Cargo Tracking System under the United Nations Economic and Social Commission for Asia and the Pacific to make cargo movement more seamless.
Author: United Nations Economic and Social Commission for Asia and the Pacific
Tags: Trade, South Asia, UNESCAP, Regional Cooperation, Sustainable Development Goals, Railway, Bangladesh, India
Connecting to Compete 2023: Trade Logistics in the Global Economy
Connecting to Compete presents the findings from the latest data from the 2023 Logistics Performance Index (LPI) and its six component indicators: Customs, infrastructure, international shipments, logistics competence, tracking and tracing, and timeliness. The seventh edition, which now covers 139 countries, is released following unprecedented disruptions in supply chains amid the global coronavirus (COVID-19) pandemic.
Author: World Bank
Tags: WB, Trade, Logistics, South Asia
Expanding Opportunities: Toward Inclusive Growth
Real gross domestic product (GDP) in South Asia is estimated at 5.6% in fiscal year (FY) 2023 and 5.9% in FY2024, backed by the recovery in services and lower commodity prices. Real GDP growth in Bangladesh will decelerate to 5.2% in FY2023 due to global economic uncertainty, before recovering to 6.2% in FY2024. In Bhutan, real GDP is projected at 4.5% in FY2022-2023 as the further reopening of borders support growth in industry and services. Real GDP in India will moderate to 6.3% in FY2023-2024 following slower growth in consumption. Maldives is seeing a return to pre-pandemic levels with growth projections in FY2023 at 6.6%. Growth in Nepal will slow to 4.1% in FY2023 following import restrictions, before rising to 4.9% in FY2024. In Sri Lanka, amid fiscal and external imbalances, real GDP growth is estimated is estimated at -4.3% in FY2023 and 1.2% FY2024. In Southeast Asia, the Myanmar Economic Monitor projects Myanmar's economic recovery accelerating to 3% in the year to September 2023 following growth in industry and services.
Author: World Bank
Tags: WB, Bangladesh, Bhutan, Sri Lanka, Services, India, Maldives, Myanmar, Nepal